Lightsmith Group (Lightsmith), a global sustainable private equity firm, has held the final closing of Lightsmith Climate Resilience Partners SCSp RAIF (Lightsmith Climate Resilience) with USD186 million of commitments.
Lightsmith Group (Lightsmith), a global sustainable private equity firm, has held the final closing of Lightsmith Climate Resilience Partners SCSp RAIF (Lightsmith Climate Resilience) with USD186 million of commitments.
Lightsmith says the fund is the first private equity fund to have focused on climate resilience and adaptation, investing in growth-stage technology companies that address the effects of climate change. In the Fund, Lightsmith has brought together leading investors from around the world, including PNC Insurance Group, The Rockefeller Foundation, Kinneret Group, and Caprock Impact Partners, as well as the Green Climate Fund (“GCF”), European Investment Bank, Asian Infrastructure Investment Bank, KfW on behalf of the German Ministry for Economic Cooperation and Development (BMZ), Nordic Development Fund, the Government of Luxembourg and other investors.
Lightsmith’s two founding partners, Jay Koh and Sanjay Wagle, each have over 20 years of experience in direct investing at The Carlyle Group and VantagePoint Capital Partners as well as at US Development Finance Corporation (DFC), International Finance Corporation (IFC), US Department of Energy, and New York Green Bank. Lightsmith’s global investment team draws from experience at Goldman Sachs, True North Partners, Baring Private Equity Asia, IFC, and US DFC. Richard Kauffman, the Former Chairman of Energy and Finance for New York State, serves as Chairman of the investment committee for Lightsmith Climate Resilience.
